Probably your tax assessor will get involved in the later stages. 

Because if you utilize YOUR Lender, all the risk from then on is being taken by YOU until your gym buddy makes good on his supposed ability to do a "proper" Loan at some stage (as far as I know)!...

I would request to see the prior 3 utility bills.If these bills average $300 then yes I would pay the $600 to cover the excess.

And that decision is to NEVER DO BUSINESS WITH AN INVESTOR THAT TAKES NO TIME TO UNDERSTAND THEM.BEGIN WITH A THOROUGH EXAMINATIONJust as a medical professional would never think of treating you without following these three steps in order, you as a doctor of selling, would never allow a Seller to force you to sell without you going through your three stages as well.

@Denita Ozenne I am in the beginning stages of the a course from https://www.realestateexpress.com/ I think it will probably take me about two months to get the full course taken care of with kids and some key remodeling that I need to finish up here at the house.  

Even if they had... this bill seems extremely high for a basic SFR remodel, especially during the "demo" stage of the project. 

Also, in the beginning stages of an amortized loan your house will not be gaining much equity.

Noise comes from vibration, vibration comes from excess energy being channeled incorrectly.Be prepared to rewire the house.

I agree also that the $25K wholesale fee is excessive, especially with that tight margin.

I'm very eager to get into real estate, and I am doing all the homework.I'm currently at a stage where I am planning what to do once we get there.